# ACHELOUS PARTNERS, LLC X-17A-5 (2025-08-22) — Broker-dealer annual report - Company: ACHELOUS PARTNERS, LLC - Form: X-17A-5 - Filed: 2025-08-22 - Period: 2025-06-30 - Accession: 0002013816-25-000100 - CIK: 1192912 - File #: 8-65582 - Type: Broker-dealer - Material weakness: No - Auditor: DCPA, Inc. - Auditor location: Century City, CA - Contact: Hasnain Naveed - Phone: 212-668-8700 - Email: hnaveed@acisecure.com - Website: acisecure.com - Signed by: Mark Saunders (Managing Member) Original filing: https://www.sec.gov/Archives/edgar/data/1192912/000201381625000100/achelousedgarfinal.pdf --- {0}------------------------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OMB APPROVAL OMB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 sec file number 8-69816 # ANNUAL REPORTS FORM X-17A-5 PART III FACING PAGE Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 AND ENDING\_06/30/2025 filing for the period beginning 07/01/2024 MM/DD/YY MM/DD/YY A. REGISTRANT IDENTIFICATION # NAME OF FIRM: ACHELOUS PARTNERS, LLC TYPE OF REGISTRANT (check all applicable boxes): ■ Broker-dealer □ Check here if respondent is also an OTC derivatives dealer □ Major security-based swap participant ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) # 800 THIRD AVENUE, FLOOR 21 | NEW YORK
(City)
PERSON TO CONTACT WITH REGARD TO THIS FILING
HASNAIN NAVEED | NY
(State) | | 10021
(Zip Code) | | |-----------------------------------------------------------------------------------------|------------------------------------------------------------|-----------------------|--------------------------------------------|--| | | | | | | | | | | | | | | | | | | | | 212-668-8700 | HNAVEED@ACISECURE.COM | | | | (Name) | (Area Code - Telephone Number) | (Email Address) | | | | | B. ACCOUNTANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
DCPA, INC. | (Name - if individual, state last, first, and middle name) | | | | | 2121 Avenue of the Stars, Suite 800 CENTURY CITY | | CA | 90067 | | | (Address) | (City) | (State) | (Zip Code) | | | 09/15/2020 | | 6567 | | | | | | | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | \* Claims for exemption from the requirement that the annual reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. {1}------------------------------------------------ # OATH OR AFFIRMATION | MARK SAUNDFRS | , swear (or affirm) that, to the best of my knowledge and belief, the | | | | |-------------------------------------------------------------------|-----------------------------------------------------------------------|--|--|-------| | financial report pertaining to the firm of ACHELOUS PARTNERS, LLC | | | | as of | | 6/20 | | | | | \_ 2 025\_\_\_ is true and correct. I further swear (or affirm) that neither the company nor any 0/30 partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer. Signature: MARK R SAUNDERS Title: MANAGING MEMBER Notary Public # This filing\*\* contains (check all applicable boxes): - = (a) Statement of financial condition. - (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). - □ (d) Statement of cash flows. - □ (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - □ (f) Statement of changes in liabilities subordinated to claims of creditors. - □ (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable. - □ (i) Computation of tangible net worth under 17 CFR 240.18a-2. - □ {j} Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable. - □ (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - □ (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - □ (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiated in the statement of financial condition. - - | - □ (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - □ (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - □ (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - | as applicable. - \_ (y) Report describing any material inadequacies found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). - □ (z) Other: - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-5(e)(2), as applicable. {2}------------------------------------------------ # ACHELOUS PARTNERS, LLC Financial Statement With Report of Independent Registered Public Accounting Firm For the Year Ended June 30, 2025 This report is deemed PUBLIC in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. {3}------------------------------------------------ # ACHELOUS PARTNERS, LLC JUNE 30, 2025 # Table of Contents Page | Report of Independent Registered Public Accounting Firm | | |---------------------------------------------------------|-------| | Financial Statement: | | | Statement of Financial Condition | 2 | | Notes to Financial Statement | 3 - 6 | {4}------------------------------------------------ # REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM DCPA To Those Charged with Governance and the Members of Achelous Partners, LLC: # Opinion on the Financial Statement We have audited the accompanying statement of financial condition of Achelous Partners, LLC (the "Company") as of June 30, 2025, and the related notes (collectively referred to as the "financial statement"). In our opinion, the statement of financial condition presents fairly, in all material respects, the financial position of the Company as of June 30, 2025 in conformity with accounting principles generally accepted in the United States of America. # Basis for Opinion This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. DCPA DCPA We have served as the Company's auditor since 2023. Century City, California August 18, 2025 {5}------------------------------------------------ # ACHELOUS PARTNERS, LLC STATEMENT OF FINANCIAL CONDITION JUNE 30, 2025 | ASSETS | | | |---------------------------------|-------|-----------| | Cash | સ્ત્ર | 1,812,274 | | Prepaid expenses | | 48,524 | | Accounts receivable | | 33,040 | | Fixed assets, net | | 24,813 | | Due from Member | | 12,781 | | Due from brokerage firm | | 787 | | TOTAL ASSETS | | 1,932,219 | | LIABILITIES AND MEMBERS' EQUITY | | | | LIABILITIES: | | | |----------------------------------------|----|-----------| | Accrued expenses and other liabilities | ಳಿ | 31,062 | | Contract liabilities | | 16.010 | | TOTAL LIABILITIES | | 47,072 | | MEMBERS' EQUITY | | 1,885,147 | | TOTAL LIABILITIES AND MEMBERS' EQUITY | | 1.932,219 | See accompanying notes to financial statement {6}------------------------------------------------ ## ACHELOUS PARTNERS, LLC NOTES TO FINANCIAL STATEMENT JUNE 30, 2025 #### NOTE 1- ORGANIZATION AND NATURE OF BUSINESS: Achelous Partners, LLC (the "Company") was formed as a limited liability company in Delaware on March 22, 2002 originally as Global Markets Capital Group LLC. The Company is a registered broker-dealer under the Securities Exchange Act of 1934 and is a member of both the Financial Industry Regulatory Authority, Inc. ("FINRA") and the Securities Investors Protection Corporation ("SIPC"). The Company provides advisory services to businesses, providing valuations and strategic planning with a focus on merger and acquisition advice. The Company's clients are both public and private entities and are most notably involved in the origination and execution of cross border transactions. #### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: #### Basis of Presentation The accompanying financial statement has been prepared on the accrual basis of accordance with accounting principles generally accepted in the United ("GAAP") as detailed in the Financial Accounting Standards Board's Accounting Standards Codification. #### Accounts Receivable The Company carries its accounts receivable at cost less an allowance for doubtful accounts. On a periodic basis, the Company evaluates its accounts receivable and allowance for doubtful accounts based on history of past writte-offs and collections and current credit conditions. An allowance for doubtful accounts was not required at June 30, 2025. There was no bad debt expense for the year ended June 30, 2025. #### Revenue Recognition #### Mergers and Acquisition Advisory Fees The Company engages in mergers and acquisitions advisory services for business entities. Revenues are earned from two aspects of their contracts. One manner in which fees can be earned is from the performance of ongoing advisory services. The other way the Company can earn fees is upon the success of a merger and acquisition. Revenue from ongoing advisory services is recognized as services are provided. Payments for ongoing advisory and consulting services are payable in accordance with the terms of their contract under normal trade terms. Success fees are recognized and payable on the closing date (the buyer purchases the securities from the seller) for the Company is contracted to earn in accordance with its agreements. The Company believes that the closing date is the appropriate point in time to recognize success fees for mergers and acquisitions transactions, as there are no significant actions which the Company needs to take subsequent to this date. The closing date is also the appropriate time for recognition because it is the date when collection is reasonably assured and when the amount of revenue is known or is sufficiently estimable. As of June 30, 2025 there were no deferred expenses related to any open contracts; if an engagement is ended without a success fee, related costs are charged to expense at that point in time. #### Gain/Loss on Foreign Currency Transactions The Company receives foreign currency payments for advisory fee services rendered to clients and records the transaction in US dollars when earned. A foreign currency gain or the transactions is recognized when the funds received in a foreign currency is converted to US dollars. The gain or loss realized is the difference between the exchange rate used to recognize revenue and the corresponding receivable payment received. #### Receivables and Contract Balances Receivables arise when the Company has an unconditional right to receive payment under a contract with a customer and are derecognized when the cash is receivable balance as of the year ended June 30, 2025 was \$33,040. {7}------------------------------------------------ ## ACHELOUS PARTNERS, LLC NOTES TO FINANCIAL STATEMENT JUNE 30, 2025 #### NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED): #### Revenue Recognition (Continued) #### Receivables and Contract Balances (Contiuned) Contract assets arise when the revenue associated with the contract is recognized prior to the company's unconditional right to receive payment under a contract with a customer (i.e., unbilled receivable) and are derecognized when the cash is received. Contract assets are reported in the Statement of Financial Condition, as of June 30, 2025 the contract asset balances were \$0. Contract liabilities arise when customers remit contractual cash payments in advance of the Company satisfying its performance obligations under the contract. Revenue associated with the contract is recognized when the performance obligation is satisfied; as of June 30, 2025, the contract liabilities balances were \$16,010. ### Significant Judgement Significant judgement is required to deter performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the constraints on variable consideration should be applied due to uncertain future events. #### Property and Equipment Property and equipment are stated at cost and the Company uses the straight-line method for calculating depreciation expense. Repairs and maintenance to these assets are charged to expense as incurred; major improvements enhancing the function and/or useful life are capitalized. When items are sold or retired, the related cost and accumulated depreciation are removed from the accounts and any gains or losses arising from such transactions are recognized. ### Income Taxes The Company is organized as a limited liability company that is treated as a partnership for tax purposes. The taxable income or loss of the Company is allocated to the members. Accordingly, no provision for federal taxes has been reflected in the accompanying financial statement. The Company is subject to the New York State unincorporated business tax and the California Franchise taxes. The Company operated at a loss for the year and is only required to pay the minimum fees. ### Use of Estimates The preparation of financial statement and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statement, and the reported amounts of income and expenses during the reporting period. Accordingly, actual results could differ from those estimates and such differences could be material ### NOTE 3 - NET CAPITAL REQUIREMENTS: The Company is subject to the Securities Exchange Act of 1934 ("SEA") Uniform Net Capital Rule ("Rule 15c3-1"), which requires the maintenance of minimum net capital, and requires that the ratio of aggregate indebtedness to net capital, both as defined, shall not exceed 15 to 1. Rule 15c3-1 also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. At June 30, 2025, the Company had net capital of \$1,765,202 which was \$1,760,202 in excess of its required net capital of \$5,000. The Company's ratio of aggregate indebtedness to net capital was 0.03 to 1. {8}------------------------------------------------ ## ACHELOUS PARTNERS, LLC NOTES TO FINANCIAL STATEMENT JUNE 30, 2025 #### NOTE 4-CONCENTRATIONS OF CREDIT RISK: ### Cash The Company maintains principally all cash balances in one financial institution which, at times, may exceed the amount insured by the Federal Deposit Insurance Corporation. The Company is solely dependent upon daily bank balances and the respective strength of the financial institution. The Company has not incurred any losses on this account. At June 30, 2025, the amount in excess of insured limits of \$250,000 was \$1,562,274. ## NOTE 5 - FIXED ASSETS, NET: Fixed assets, net are recorded net of accumulated depreciation and summarized by major classifications as follows: | | | | Useful Life | |-----------------------------------------------------|---|----------|-------------| | Furniture and office equiptment | B | 65,459 | 5-7 years | | Subtotal | | 65.459 | | | Less: Accumulated depreciation | | (40,646) | | | Total fixed assets, net of accumulated depreciation | ಕ | 24,813 | | ## NOTE 6-OCCUPANCY: The Company has an operating lease to rent office space not subject to ASC 842 according to the short-term lease exemption. The Company subleases its facility on a month-to-month basis at the rate of \$3,000 per month. # NOTE 7-RELATED PARTY TRANSACTIONS: The Company pays an affiliate, related by common ownership, fees for consulting services. The Company paid for bills on behalf of a Member. As of June 30, 2025, the amount owed to the Company was \$12,781. ### NOTE 8 - 401K RETIREMENT PLAN: The Company maintains a contributory 401(k) Plan ("the Plan is for the benefit of all eligible employees with no minimum age or service requirement. The employees may make voluntary contributions to the employer makes contributions equal to 100% of the first 3% of the participant's compensation which is deferral and an additional 50% is contributed on the next 2%. ### NOTE 9-RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: The Financial Accounting Standards Board (the "FASB") has established the Accounting Standards Codification" or "ASC") as the authoritative source of GAAP recognized by the FASB. The principles embodied in the Codification are to be applied by nongovernmental entities in the preparation of financial statement in accordance with GAAP in the United States. New accounting pronouncements are incorporated into the issuance of Accounting Standards Updates ("ASUs"). {9}------------------------------------------------ #### - --! 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Agents: see https://search.stillhousedata.com/llms.txt.